Yes, 10% of DIA is oil. If it were a pure anti-oil bet, my hedge should have been a little stronger.

It is hard to find a good ETF that's entirely stripped of petroleum while still being a good proxy for the overall market. DIA is as good a choice as you are likely to find, and apart from the 2 ugly losers, all the rest are excellent choices.

As a side note, CVX is probably the best of the breed. If I had to bet on the survival of one oil company, I would bet on CVX.